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A similar organisation to the GPA, the Property Services Agency, existed between 1972 and 1993. It was disbanded in favour of government departments taking on responsibility for managing their own property. The GPA was created in shadow form in 2017 and formally established as an executive agency of the Cabinet Office in 2018. [3]
The Office for National Statistics estimated in 2008 that the public estate has a book value of £380 billion, which is about £6,000 for every UK resident. [2] Of this, approximately £240 billion is held by local government , while the rest—£130 billion—is held by the central government and public corporations .
In addition to being the government body that registers the ownership of land and property in England and Wales, HM Land Registry is also a useful tool for property investors who use the online price calculator to query the latest monthly residential property prices. The government is also using the land registry data to assess property values ...
The Government of the United Kingdom is divided into departments that each have responsibility, according to the government, for putting government policy into practice. [1] There are currently 24 ministerial departments, 20 non-ministerial departments, and 422 agencies and other public bodies, for a total of 465 departments. [2]
The Property Services Agency (PSA) was an agency of the United Kingdom government, in existence from 1972 to 1993. Its role was to "provide, manage, maintain, and furnish the property used by the government, including defence establishments, offices, courts, research laboratories, training centres and land".
The Valuation Office Agency is a government body in England and Wales. It is an executive agency of His Majesty's Revenue and Customs.. The agency values properties for the purpose of Council Tax and for non-domestic rates in England and Wales (in Scotland this function is performed by the Scottish Assessors).
The Intellectual Property Office of the United Kingdom (often referred to as the UK IPO) is, since 2 April 2007, the operating name of The Patent Office. [1] [2] It is the official government body responsible for intellectual property rights in the UK and is an executive agency of the Department for Science, Innovation and Technology (DSIT).
In 2011, the Government Property Unit was moved from the Shareholder Executive to the Cabinet Office as part of the new Efficiency and Reform Group. In 2015, the government announced that the Shareholder Executive would be transferred to HM Treasury and become a subsidiary of UK Government Investments, along with UK Financial Investments. [3]